(Finance) – Lufthansa, the leading German airline, more than doubled its revenues in the second quarter of 2022, compared to the previous year. The enter amounted to approximately 8.5 billion euros, compared to 3.2 billion euros in the same period of 2021.Adjusted EBIT it was between 350 and 400 million euros (previous year: -827 million euros).
The group benefited from a strong performance in the divisions Lufthansa Cargo and Lufthansa Technik, according to preliminary results released today. The result of the division Passenger Airlines has improved, also thanks to a significant increase in loads. Despite SWISS’s positive result, the Passenger Airlines segment’s Adjusted EBIT remained negative, it is pointed out.
Lufthansa got a adjusted free cash flow significantly positive in the second quarter, mainly thanks to operating profit and persistently strong demand for bookings. It was around € 2 billion (previous year: € 382 million). L’net debt it is expected to decrease by a similar amount in the second quarter (31 March 2022: 8.3 billion euros).